First Merchants Corporation

First Merchants Corporationverified

FRMEP

Price:

$25.5282

Market Cap:

$2.58B

First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans, as well as public finance. The company also offers personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services. It operates 109 banking locations in Indiana, Illinois, Ohio, and Michigan counties. The company also offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquarte...[Read more]

Industry

Banks - Regional

IPO Date

2020-08-18

Stock Exchange

NASDAQ

Ticker

FRMEP

The PE Ratio as of November 2024 (TTM) for First Merchants Corporation (FRMEP) is 6.70

According to First Merchants Corporation’s latest financial reports and current stock price. The company's current PE Ratio is 6.70. This represents a change of -42.48% compared to the average of 11.65 of the last 4 quarters.

First Merchants Corporation (FRMEP) Historical PE Ratio (quarterly & annually)

How has FRMEP PE Ratio performed in the past?

The mean historical PE Ratio of First Merchants Corporation over the last ten years is 13.58. The current 6.70 PE Ratio has changed 4.84% with respect to the historical average. Over the past ten years (40 quarters), FRMEP's PE Ratio was at its highest in in the September 2017 quarter at 21.46. The PE Ratio was at its lowest in in the June 2023 quarter at 6.87.

Quarterly (TTM)
Annual

Average

13.58

Median

13.31

Minimum

9.83

Maximum

19.75

First Merchants Corporation (FRMEP) PE Ratio by Quarter and Year

Discovering the peaks and valleys of First Merchants Corporation PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 28.76%

Maximum Annual PE Ratio = 19.75

Minimum Annual Increase = -46.27%

Minimum Annual PE Ratio = 9.83

Quarterly (TTM)
Annual
YearPE RatioChange
20239.83-7.98%
202210.68-2.58%
202110.96-19.45%
202013.614.67%
201913.0022.54%
201810.61-46.27%
201719.754.37%
201618.9228.76%
201514.697.22%
201413.70-9.51%

First Merchants Corporation (FRMEP) Average PE Ratio

How has FRMEP PE Ratio performed in the past?

The current PE Ratio of First Merchants Corporation (FRMEP) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

10.49

5-year avg

11.62

10-year avg

13.58

First Merchants Corporation (FRMEP) PE Ratio vs. Peers

How is FRMEP’s PE Ratio compared to its peers?

First Merchants Corporation’s PE Ratio is less than Heartland Financial USA, Inc. (34.07), less than OceanFirst Financial Corp. (11.46), less than Old National Bancorp (13.20), less than Old National Bancorp (13.20), less than United Community Banks, Inc. (17.46),

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Frequently asked questions❓

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